Banking & Finance
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157NDIC Charges External Solicitors on Debt Recovery
The Nigeria Deposit Insurance Corporation has charged its external solicitors to be diligent in aiding the corporation to achieve its mandate of...
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109CBN Probes 19.7 million Dormant Bank Accounts
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the...
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42Money Supply Hits ₦110.9tr as MPC Meets
Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in...
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122CBN Orders Bank Directors with Bad Loans to Resign
The Central Bank of Nigeria (CBN) has directed bank directors with non-performing, insider-related loans to immediately resign from their positions. Insider loans...
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116Banks Must Make Cash Available in ATMs –CBN
The Central Bank of Nigeria has urged banks to ensure that their customers have access to cash at their Automated Teller Machines...
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145FX Gap Narrows to 4.5% Amid Financial Reforms
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that Nigeria’s foreign exchange (FX) gap has significantly narrowed...
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89Personal Loans Rose to ₦3.3tr in November –CBN
Nigeria’s personal loan portfolio rose by 37.76 per cent to N3.32tn in November 2024, according to the latest monthly report by the...
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177‘Nigerian Tax Laws not Conducive for Growth’
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the current tax laws in...
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103
CBN to Banks: Stop Limiting ATM Withdrawals to Below ₦20,000
The Central Bank of Nigeria (CBN) has issued a strong warning to banks that restrict customers from withdrawing up to N20,000 per...
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150
FG Stops MDAs from Operating Accounts with Commercial Banks
The Federal Government has directed Federal Pay Officers (FPOs) across the country to ensure that Ministries, Departments, and Agencies (MDAs) in the...
